Does the ELQ policy affect other HEFCE funding streams?
We are not looking to reduce the total funding allocated to the sector through other funding streams on the basis of the ELQ policy. We will consider our budgets for such other funding streams once we have received our grant letter from the Department for Innovation, Universities and Skills. But the ELQ policy will affect the number of HEFCE-fundable students present at institutions; this means that the policy will also affect the distribution of grant between institutions of HEFCE funding streams based on taught student numbers. We expect this to apply for future allocations informed by student numbers for 2008-09 and beyond. This includes the widening participation allocations and formula capital funding. It also includes the new targeted allocations which will be introduced in 2008-09, to reflect additional costs in HEFCE priority areas. We have not attempted to model the impact of the ELQ policy on these funding streams, as these may be influenced by a number of factors in coming y
